Momentum waves oscillator

The Momentum Waves Oscillator is an indicator designed for traders who want to declutter their charts. It does not generate "magic" signals; instead, it structures market data to provide an immediate, noise-free reading of momentum and volatility.

This tool transforms price action into an organized visual grid, facilitating rapid and confident decision-making.

Key Features:

• "Snap-to-Grid" Points: Prices are normalized on a scale of -100 to +100 with a step of 5. This eliminates chart "jitter" and makes it clear when the price is stagnant or progressing in distinct steps.

• At-a-Glance Momentum: Points automatically change color based on their position:

  • Green: Bullish momentum (above zero).

  • Red: Bearish momentum (below zero).

• Integrated 20 SMA: A white line overlays a Simple Moving Average (SMA) of the points, allowing you to confirm the underlying trend without adding extra indicators to your workspace.

• Maximum Readability: The indicator utilizes a -150 to +150 scale to maintain "breathing room" around key levels (100, 0, -100), preventing curves from clustering at the edges of the window.